Posted Nov 2022
is a set of laws which provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.
MSMED Act, 2006 is an enactment which facilitates the promotion and the development and competitiveness of the MSME Sector. Recovery of Delayed payment mechanism provided under the MSMED Act, 2006 has been proved as an effective tool in the hands of Micro and Small Entrepreneurs.
Article 136 of the Constitution of India confers an extraordinary jurisdiction upon the Hon’ble Supreme Court to grant special leave to appeal against any judgment, order, decision, determination etc from any Court or Tribunal in any cause or a matter except the matters relating to Armed Forces